Just as the global pound exchange rate was changing, with ups and downs, a burst of hearty laughter suddenly came from the office of Soros, the chairman of the Quantum Fund, who pierced the veil of the pound with a stick and vividly exposed the weakness of the pound to the world.

Immediately afterwards, Soros called the fund manager into his office.

The fund manager looked at Soros in confusion, wondering what good news his boss had learned.

The lingering laughter in my ears now, and everything in front of me, revealed an inexplicable weirdness.

Based on his nearly 20 years of experience working with Mr. Soros, after Mr. Soros issued instructions and made various plans, he would not call him over again to tell him anything, or even ask questions.

Very few.

If sometimes the goal is not too big and the action is not so difficult, Mr. Soros may go on vacation directly after telling him all the things that need attention.

In addition, he had not heard the laughter just now for almost the past five years, which once made him suspect that the sound was not made by Mr. Soros.

After all, Mr. Soros doesn't like to laugh.

Not paying attention to what was going on in his subordinate's head, Soros smiled slightly and said: "The last rope hanging the guillotine on the beheading table has been cut off by the British themselves. The British pound will definitely lose this time! It is allowed to use the third

A batch of US$3 billion in foreign exchange reserves, with a maximum use of US$10 billion in foreign exchange reserves, will be announced at 8 o'clock tomorrow morning to raise the deposit interest rate by 1%. The British are less courageous than I thought."

The possibility of help from Germany has been cut off by the presence behind him. So in this attack on the pound, the only thing he has to worry about is the British's self-rescue.

Once the British mobilize all their efforts to save the pound exchange rate, they will surely face a difficult and fierce battle.

But now that the British ministers have introduced exchange rate rescue measures, he can basically declare victory. If he wants, he can go down to play a game of tennis or go on vacation abroad.

Let's not talk about the three billion US dollars of foreign exchange reserves, but talk about the maximum limit allowed to be used, ten billion US dollars of foreign exchange reserves. For the current situation, it is a drop in the bucket and has no meaning.

After all, you must know that institutions like them alone held at least 89 billion US dollars of short sterling in their hands at the very beginning. Now even though they have sold 20 to 30 billion US dollars, the 60 billion US dollars of sterling short positions are still

some.

Not even mentioning their US$60 billion, the US$10 billion from the Bank of England cannot even fill the gap between the US$20 and US$30 billion they invested before.

Not to mention, there are a large number of retail investors who follow them and go short. These people make the most money. He estimated that the trading volume of pounds in the foreign exchange market now exceeds 100 billion US dollars.

Of course, the British guy's reaction was also within his expectations. After all, Britain's foreign exchange reserves total only more than 80 billion. How much can it use with such a small amount of money?

In addition, Major and other British cabinet ministers can basically be called a bunch of rubbish in his eyes, so they are so cowardly, looking ridiculous as they want to restore the pound exchange rate, but are afraid of paying.

But in his plan, this reaction was the best situation he could encounter.

He once deduced that if he were the British Prime Minister, he would open up the supply of foreign exchange reserves as soon as possible. No matter how many short positions there are in the foreign exchange market, he would take them all and raise the exchange rate back.

And you should persist for at least two hours.

Only in this way can the majority of retail investors see the UK's determination to save the exchange rate, shake the retail investors' idea of ​​shorting the pound, and even make them go long in turn.

As mentioned before, exchange rate manipulation has always been a psychological warfare, and retail investors are the decisive force. Only by truly influencing these retail investors and letting them follow their baton can we win.

If the British government can maintain the exchange rate now and wait until tomorrow morning to announce an increase in bank deposit interest rates, it will directly kill these hedge funds and financial crocodiles with a sword.

By then, not only will the exchange rate of the pound be maintained, but a lot of funds from Germany, France, and even the United States will be attracted into the UK, which will contribute to the growth of the UK's exchange rate and stock market.

This is the characteristic of the majority of retail investors. They will go wherever they can make money, just like grass on the wall.

Of course, the increase in bank deposit interest rates he is referring to in the UK does not mean that the current 1% is enough, but that it needs to be raised to 5% or even more in one go.

Only such high interest rates can smooth people's disapproval of the pound and their loss of confidence.

But it is a pity that the UK has failed to achieve either of these two, or even come close.

But now, the fund manager in front of the desk is no longer surprised, and his forehead is covered with beads of sweat.

Although Mr. Soros just said not much, it is very scary to think about.

It is now a little after five o'clock in the afternoon New York time, which means that the war has just started for more than three hours. According to the British government's work efficiency in the early morning, it is obvious that these countermeasures against them should have just been discussed.

And it is extremely secretive. It can even be said that the people who are qualified to be included in this meeting are the British Prime Minister, the Chancellor of the Exchequer, the Governor of the Bank of England and so on.

The result was great. As soon as the British side finished discussing it, Mr. Soros knew it. How could this make people feel shuddering?

However, he knew that this was definitely not Mr. Soros's ability.

But whether it was their great motherland or the Jews who did it, he didn't know, and he didn't dare to think too much about it.

"From now on, I don't care how much foreign exchange reserves the British guys invest to save their exchange rate, you must let the British exchange rate fall by a hundred basis points every hour! From now to 8 a.m. London time, I want to see the pound

The exchange rate has been lowered to 2.7780!" Soros waved his arm vigorously and said decisively.

He wanted to show the British guys that the ridiculous amount of power they invested was like a piece of wet tissue paper in front of him, which could be pierced in an instant!

After hesitating for a moment, the fund manager patted his chest and promised to do it.

If Mr. Soros's intelligence is correct, he can swallow up the first batch of three billion US dollars in foreign exchange reserves in no more than twenty minutes.

Even if it's 10 billion, it won't take more than an hour.

You know, even though the rate of decline in the pound exchange rate has slowed down a lot, the amount of money shorting the pound every hour is at least more than 10 billion US dollars!

Once the Bank of England is unable to withstand the situation, a large number of retail investors who are waiting will definitely rush forward and drive down the exchange rate of the pound, so this is not something that is difficult to do.

At this time, Sir Norman was driving in a dusty car, driving through a red light and arriving at the Bank of England. Before the car stopped, he opened the door, jumped out, and held a meeting.

Looking at the eyes full of expectation, Sir Norman said in a deep voice: "Prime Minister Major has made a decision to save the pound exchange rate. Now it is time for us to save the glory of the British Empire. The pound exchange rate cannot fall like this.

If you go down, you shouldn’t fall like this!”

"From now on, first invest one billion pounds, and then invest 200 million pounds every minute. No matter what, the exchange rate of the pound must not continue to fall like this!" Sir Norman clenched his fists and said hard with veins pulsing in his neck.

Hearing this, the eyes of everyone below suddenly lit up, and a series of cheers suddenly sounded. Such a strong investment in foreign exchange reserves can definitely be saved at the current rate of decline of the pound.

Once those retail investors see that the pound exchange rate is steadily rising, they will naturally stop selling pounds and become determined longs.

Only Sir Norman's secretary looked at Sir Norman with a hesitant expression, and kept shouting the Blessings of the Virgin Mary in his heart.

If Prime Minister Major knew that Sir Norman was using these precious foreign exchange reserves at will, he would go crazy.

He knew very well how much money Prime Minister Major had given Sir Norman the right to use. It was only US$10 billion in total, and the first batch was only allowed to use US$3 billion.

But according to Sir Norman's current intentions, let alone holding on until this morning, the 10 billion US dollars will be wiped out in less than an hour.

As everyone was engaged in an intense and orderly operation to save the pound, the secretary finally couldn't help but said: "If you do this, the foreign exchange reserves approved by Mr. Prime Minister will soon be insufficient."

"Then let Mr. Prime Minister add more! If he really wants to save the pound exchange rate." Norman said with a sneer.

He naturally knows that the order he is giving now is not in line with the intention of the Prime Minister, but he guarantees with his more than 40 years of working experience in the Bank of England that only in this way, in a short period of time, a large amount of foreign exchange reserves will be poured in, and the pound will continue to rise.

Only by maintaining a heavy blow on the exchange rate can we really influence those retail investors and save the pound.

If it is just a little bit, it can only be said to be a drop in the bucket, or even add fuel to the fire, without any effect.

He must let those retail investors know Britain’s determination to save the pound exchange rate!

As for whether Prime Minister Major will remove him as Governor of the Bank of England in the future, that is another matter.

If the exchange rate of the pound cannot be preserved, as a gentleman, he will have no shame in serving as governor of the Bank of England.

So, he chose to give it a try.

As the first batch of funds from the Bank of England to rescue the pound exchange rate were invested in the foreign exchange market, the trend chart of the pound exchange rate, which had been continuously falling, suddenly became straight upward, which seemed extremely abrupt, rising directly by forty basis points!

For a time, the entire foreign exchange market came to a standstill. Almost all participants in the foreign exchange market stopped and stared at the strange trend chart in front of them, unable to make up their minds for a while.

After all, if the pound exchange rate rises, they are likely to be liquidated instantly and lose all their money.

At this time, Zhu Changhong, who had been staring at the trend chart, naturally discovered this strange situation. He thought for a while and then said: "Increase the capital investment five times, which is fifty million US dollars, and see if we can increase the pound sterling."

The exchange rate will go down."

There is no doubt that this is the British government's counterattack that he has been waiting for for a long time. After all, he is an ordinary person. If he moves his toes, he knows that the British government will definitely take action. It is impossible to watch them act so recklessly, let alone

He has gone through two exchange rate wars and is praised by Fang Chen as the most powerful trader in China.

But the question is, how big is the British counterattack?

He didn't know this clearly.

If it is too big, he may have to make a choice whether to increase investment and completely suppress the pound exchange rate, or to avoid the edge for the time being.

But who would have known that after he had just invested 50 million US dollars in a short position on the British pound, the British pound exchange rate fell instantly, not only losing the 40 basis points that had just risen, but even falling by an additional ten basis points.

Zhu Changhong was stunned for a moment, blinked, looked at the trend chart in disbelief, and couldn't help but muttered: "Isn't fifty million US dollars so powerful?"

According to his previous experience, if the pound exchange rate wants to rise by 40 basis points, bulls will need to add at least 800 million U.S. dollars in funds. Not to mention that it has fallen by more than 10 points. Calculating here and there, at least 1 billion is needed.

Only long positions in the U.S. dollar will do.

As soon as the thought came to his mind, Zhu Changhong said with great certainty: "Someone must have taken action!"

But then, a trace of suspicion appeared on his face, "But it shouldn't be. At least it shouldn't be so heavy-handed. Could it be that someone knows the British guy's bottom line?"

Now is no longer the time when the New York foreign exchange market is still open. It is time to quickly bring down the exchange rate of the pound to attract retail investors. These financial giants basically invest a thousand dollars in it every ten or fifteen minutes.

A capital of about 10,000 yuan is enough to keep the pound exchange rate from falling and not rebounding.

He even said a lot about this.

Because they are the second largest short seller after Quantum Fund, they only invest 10 million pounds every ten minutes. How much can other institutions invest?

And he felt that the heads of other organizations should have the same mentality as him, investing a little more and seeing the other party's specific countermeasures before making any plans.

But like now, he directly invested so much money to force down the exchange rate of the pound without any explanation. He felt that someone must have known what the British guy's trump card was before they dared to act so brazenly and recklessly.

"Maintain capital investment and ensure that the pound exchange rate falls! We must not let the British raise the pound exchange rate!" Zhu Changhong said in a deep voice.

He didn't care which company knew the British guy's trump card, but since someone took the initiative to take the lead, he naturally had to provide assists and must not give the pound a chance to rise.
Chapter completed!